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TMCNet:  Stock to Watch: NII Holdings Down 5.3% (NIHD)

[November 14, 2012]

Stock to Watch: NII Holdings Down 5.3% (NIHD)

Nov 14, 2012 (SmarTrend(R) Spotlight via COMTEX) -- NII Holdings (NASDAQ:NIHD) is one of today's worst performing low-priced stocks, down 5.3% to $4.84 on 1.0x average daily volume. Thus far today, NII Holdings has traded 5.0 million shares, vs. average volume of 4.8 million shares per day. The stock has underperformed the Dow (-5.3% to the Dow's -0.6%) and underperformed the S&P 500 (-5.3% to the S&P's -0.5%) during today's trading.



Over the past year, NII Holdingshas traded in a range of $4.82 to $24.37 and are now at $4.84. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 0.8%.

NII Holdings has overhead space with shares priced $4.84, or 79.4% below the average consensus analyst price target of $23.54. The stock should find initial resistance at its 50-day moving average (MA) of $7.21 and further resistance at its 200-day MA of $12.44.

NII Holdings Inc., provides mobile communications for business customers in Latin America. The Company has operations in Argentina, Brazil, Chile, Mexico, and Peru, offering a fully integrated wireless communications tool with digital cellular service, text/numeric paging, wireless internet access, and Nextel DirectConnect, a digital two-way radio feature.

SmarTrend is monitoring the recent change of momentum in NII Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NII Holdings in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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